475 Kiowa Ave - Manufactured Housing/Mobile Housing FOR SALE


Bennett, CO 80102
$2,735,000 USD
303-324-0241
475 Kiowa Ave, Bennett, CO for Sale
$2,735,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | Request Cap Rate

475 Kiowa Ave
Bennett, CO 80102


HIGHLIGHTS

  • Commercial Mixed-Use Zoning
  • 13 Champion manufactured homes (2017-2019)
  • Develop an additional income stream with 100 ft of frontage along E. Colfax Avenue

OVERVIEW

Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home community is turnkey with newer Champion homes (2017 to 2019), park-owned, rented, and included in the sale. Each unit is separately metered for gas and electric. The community is served with city water and sewer, each unit having a sub meter system for individual water utility billing. The Champion manufactured homes are a spacious 1,150 sq ft, 2 bed/2 bath layout, with 2x6 exterior walls, smart siding, 50yr Malarkey Legacy shingles (2021), and a two-car driveway directly in front of each unit. Registered with the Colorado Division of Housing Mobile Home Park Oversight Program (MHPOP) as Bennett Homes, MHP-003371. **Note: All units are park-owned** (Gross operating income has increased 8.24% year over year, as of December 31, 2025 T12.) Develop an additional income stream with 100 ft of high visibility frontage along E. Colfax Avenue and Town of Bennett commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940’s structure: perhaps future retail, or a convenient office for your growing enterprise. Invest in an area that has experienced a notable population increase since 2020, with an average annual growth rate of 8.7% in the Town of Bennett. The population in Bennett is projected to continue expansion at a 12% - 20% growth rate per year with projections through 7/1/2029. (Source: Town of Bennett publication, November 2024.) Convenient location to Denver International Airport (Top 4 busiest airport in the U.S. by 2025 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park. Bennett Homes: 13-Unit Manufactured Home Community: • In-Place Cap Rate: 6.74% (self-managed) • Pro Forma Cap Rate: 7.35% + (including professional management) 460 E Colfax Avenue: • Additional Land Value with 100 ft high-visibility frontage, water tap, & 1940's structure. Total Price: $2,735,000.

FOR SALE DETAILS

PRICE

$2,735,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

13

PRICE/UNIT

$210,385

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bennett Homes & 460 E Colfax Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

Commercial Mixed Use

APN/PARCEL ID

1815-27-3-24-007

ASK ABOUT THIS PROPERTY

Matt BrinkhoffColdwell Banker RealtyMore Info
303-324-0241

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Matt BrinkhoffColdwell Banker RealtyMore Info
303-324-0241

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.